Question
This company began operations on January 1, 2019 and has the follow transactions related to intangibles: July 1, 2019 Purchased patent (5-year life) $125,000 October
This company began operations on January 1, 2019 and has the follow transactions related to intangibles:
| July 1, 2019 | Purchased patent (5-year life) | $125,000 |
| October 1, 2019 | Purchased a small company and recorded goodwill (indefinite-life) | $400,000 |
All costs were incurred for cash. On December 31, 2019, Gryzzl Inc will record amortization expense of:
| $12,500 | ||
| $25,000 | ||
| $105,000 | ||
| $0 |
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Energy Audit Of Building Systems An Engineering Approach
Authors: Moncef Krarti
2nd Edition
1439828717, 978-1439828717
